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CFCI Holdings 2011 annual report
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mwekez@ji
#11 Posted : Wednesday, July 11, 2012 10:08:11 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
the deal wrote:
mwekez@ji wrote:
@the deal, what did they say about this

CFC Life pushes Heritage Insurance deeper into losses

http://www.businessdailyafrica....98/-/8m695t/-/index.html

Hogwash from Business Daily...read the latest Annual Report!


is someone getting blinded by too much love of a stock.

Send us the Annual Report here: wazua@googlegroups.com
CC: 2mwekezaji@gmail.com
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the deal
#12 Posted : Wednesday, July 11, 2012 10:12:20 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
mwekez@ji wrote:
the deal wrote:
mwekez@ji wrote:
@the deal, what did they say about this

CFC Life pushes Heritage Insurance deeper into losses

http://www.businessdailyafrica....98/-/8m695t/-/index.html

Hogwash from Business Daily...read the latest Annual Report!


is someone getting blinded by too much love of a stock.

Send us the Annual Report here: wazua@googlegroups.com
CC: 2mwekezaji@gmail.com

I'm an analyst...Insurance is one of my favourite areas...my opinion is highly regarded in the industry!! I have stated above I have a hard copy.
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mwekez@ji
#13 Posted : Wednesday, July 11, 2012 10:25:42 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
the deal wrote:
mwekez@ji wrote:
the deal wrote:
mwekez@ji wrote:
@the deal, what did they say about this

CFC Life pushes Heritage Insurance deeper into losses

http://www.businessdailyafrica....98/-/8m695t/-/index.html

Hogwash from Business Daily...read the latest Annual Report!


is someone getting blinded by too much love of a stock.

Send us the Annual Report here: wazua@googlegroups.com
CC: 2mwekezaji@gmail.com

I'm an analyst...Insurance is one of my favourite areas...my opinion is highly regarded in the industry!! I have stated above I have a hard copy.


How convenient for you to say its in hard copy. .... Over to the Jubilee thread. Lets settle that one coz we have jubilee financials in soft copy
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  | | Edit by user: Wednesday, July 11, 2012 10:27 AM | Reason: Not specified
the deal
#14 Posted : Wednesday, July 11, 2012 10:40:58 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
@Mwekez@ji so you think CFCI is a loss making company like Business Daily is alluding too?
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mwekez@ji
#15 Posted : Wednesday, July 11, 2012 10:48:17 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
the deal wrote:
@Mwekez@ji so you think CFCI is a loss making company like Business Daily is alluding too?


When we get copies of the annual report, we'll discuss this. .... Over to the Jubilee debate where we have all we need to hold a good discussion
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  | | Edit by user: Wednesday, July 11, 2012 11:00 AM | Reason: Not specified
the deal
#16 Posted : Wednesday, July 11, 2012 12:32:50 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
the deal wrote:
PKoli wrote:
@the deal,

That is encouraging news, we can buy when the stock is still low. Did they talk about dividends, why they never paid a penny despite having eps of 1.84?

That was my first question lol...yes they will pay a dividend this year...the reason why they didn't pay one in FY 2011 is that they paid one during the de merger in Q1 2011...I have a hard copy of the Annual Report its an interesting read...by the way Heritage is big in Tanzania...so basically CFCI is made up of 3 companies:-

1. Heritage
2. Cfc Life
3. Cfc Investment (dormant)

The TZ operations contribute 11% of profits...Heritage Ins Kenya is struggling due to high claims from their Health and Motor divisions.

Actually they paid Kes248.7mn last year as dividends which is approx Kes0.50 DPS which translates to a dividend yield of 6.3% at the current price of Kes7.90.
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PKoli
#17 Posted : Wednesday, July 11, 2012 12:39:36 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
@the deal,

Thanks, that is a reasonable yield for the insurance company. People getting in now might get about 8% yield or so. Let us wait for HY results.
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the deal
#18 Posted : Monday, July 23, 2012 4:18:35 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Interesting Liberty Holding expect their H1 earning to rise by 30-48%.
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hisah
#19 Posted : Monday, July 23, 2012 5:23:39 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
the deal wrote:
Interesting Liberty Holding expect their H1 earning to rise by 30-48%.

I'm liking the KE insurance counters. They're climbing a wall of worry which is good for a bullish ride. Britak got a good hammering last year. It will snap back with the same vigour at some point. If CIC can get hammered to as low as 3/- that would be welcome.

Generally the KE insurance counters are on the buy side for me.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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xxxxx
#20 Posted : Monday, July 23, 2012 6:30:36 PM
Rank: Member

Joined: 3/20/2008
Posts: 503
the deal wrote:
Interesting Liberty Holding expect their H1 earning to rise by 30-48%.


weka link!
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